Revenue Note for Guidance

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Revenue Note for Guidance

524 Identification of, and issue of documents to, specified persons

Summary

This section is an administration measure for the deduction scheme. It provides a process for the identification of specified persons and for the issue of forms to such persons by accountable persons. The forms are required to vouch any claim for set-off of the appropriate tax against the ultimate income tax or corporation tax liability of the specified person and for interim refunds of tax to the specified person.

Details

(1) A specified person, other than in the case of a partnership where the payment is made in accordance with section 529A, is obliged to supply the following information to an accountable person —

  • if he/she is an Irish resident or if he/she has a permanent establishment or fixed base in the State —
    • his/her income tax or corporation tax number, and
    • his/her value-added tax registration number if the relevant payment includes an amount in respect of value-added tax,
  • if the specified person is non-resident or does not have a permanent establishment or fixed base in the State, his/her country of residence and his/her tax reference in that country.

(1A) Where a relevant payment is made to a partnership, under section 529A, the precedent partner must give the partnerships tax number to the accountable person.

(2) An accountable person to whom a specified person or precedent partner has given such details is obliged to give to that specified person or partnership, on making a relevant payment, in a form prescribed by the Revenue Commissioners, the following particulars —

  • the name and address of the person / partnership to whom the payment was made,
  • the person’s / partnership’s tax reference,
  • the amount of the relevant payment,
  • the amount of the appropriate tax deducted from that payment, and
  • the date on which the payment was made.

(3) An accountable person can ask the specified person / precedent partner to provide evidence to support the veracity of the tax number supplied. They may also ask Revenue to confirm that the tax number is in fact the tax number of the specified persons / partnership concerned.

Relevant Date: Finance Act 2019